Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2015
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6. PROPERTY AND EQUIPMENT

Property and equipment, recorded at cost, consisted of the following at:

 

 

 

September 30,

2015

 

 

December 31,

2014

 

Furniture and fixtures

 

$

211,411

 

 

$

197,751

 

Leasehold improvements

 

 

156,843

 

 

 

150,000

 

Automotive vehicles

 

 

94,087

 

 

 

86,364

 

Computer equipment

 

 

89,202

 

 

 

84,186

 

Office equipment

 

 

29,140

 

 

 

17,403

 

 

 

 

580,683

 

 

 

535,704

 

Less: accumulated depreciation

 

 

(247,801

)

 

 

(153,606

)

Property and equipment, net

 

$

332,882

 

 

$

382,098

 

 

Included in depreciation expense was $94,854 and $45,590 related to property and equipment for the nine months ended September 30, 2015 and 2014, respectively.

Property and equipment includes $243,970 of leasehold improvements, furniture and fixtures under capital leases as of September 30, 2015. Accumulated depreciation of assets under capital leases totaled $89,365 as of September 30, 2015.